Sun American Mortgage

Buying a house remains a major milestone in one’s lifetime.   However, the reality is that more U.S. households live in rental homes. The reason we have more renters than homeowners could be a lack of information, while others consider that their current income is too low to finance the dream of building or buying a new home. It is common knowledge that buying a home takes a huge financial commitment. Nevertheless, the question remains, how much do you need to make to buy a house? For us to answer this question, we need to understand the costs associated with purchasing a house. 1.        Understand the Homebuying Costs When it comes to purchasing a property, a majority of new home buyers think that the total cost of property ownership is the amount asked by the home seller. However, the reality is that there are several costs other than the amount asked by the home seller. Here is an overview of the costs of buying a house. The Down payment:   when buying a

Low down payment to no down payment mortgage options enables more Americans to achieve the dream of buying house St. George. In this post, we analyze the things you should not miss while buying a house with no down payment in St. George. 1. Evaluate the Different Options Available The worst mistake homebuyers make and especially those applying for a mortgage to purchase a home, is not evaluating the different mortgage options in today’s lending landscape. For instance, just because the mortgage broker has mentioned that the mortgage type “Y” is no down payment mortgage, the applicant hurriedly submits the applications without evaluating the other options. You might be surprised later when you come to learn that the zero down payment mortgages you ignored, ends up becoming the best option if time was taken to evaluate the options. To avoid regrets in the future, make sure you evaluate the mortgage options that are available before you sign the mortgage application pa